๐ Avalanche (AVAX) fell sharply in the last 24 hours, facing tough resistance and strong selling pressure.
๐ What Happened?
AVAX fell 6.78%, dropping from $23.04 to $21.48.
The drop came as crypto markets fell due to global tensions and uncertain trade news.
Bitcoin also slipped, falling below $106,000.
๐งฑ Real-World News
Bergen County, New Jersey announced it will use Avalanche blockchain to digitize all property deeds.
The deal is part of a 5-year plan with blockchain company Balcony.
๐ AVAX Price Levels
Resistance (Hard to Go Above):
$22.35 โ heavy selling seen here
$21.88 โ price failed to break above this level
Support (Where Buyers Step In):
$21.32 โ $21.40 โ increased buying activity
$21.45 โ $21.47 โ price bounced here multiple times
๐ Technical Summary
๐ป Strong drop from $23.04 to $21.48
๐งฑ Resistance at $22.35 with 2.24M trading volume
๐ Failed bounce at $21.88
๐ Short rally to $21.53 on high volume
๐งโโ๏ธ Sideways trading around $21.45 shows market is consolidating
๐ Bigger Picture
AVAX is under pressure from global events, just like other crypto coins. But its real-world use โ like in New Jersey โ could help build long-term strength.
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